Income Tax Credit for Small Wind Turbines
Oklahoma offers an income tax credit to the manufacturers of small wind turbines for tax years 2003 through 2012. Oklahoma manufacturers of wind turbines with a rated capacity of between 1 kilowatt (kW) and 50 kW are eligible for the credit if they agree in advance to allow their production and claims to be audited by the Oklahoma Tax Commission. They must also be able to show that they have made economic development investments in Oklahoma over the period of time for which the credit was claimed that exceed the amount of credit claimed. The turbine must incorporate advanced technologies such as new airfoils, new generators, and new power electronics and at least one unit of each model must have been installed for testing at the US-DOE National Wind Technology Center. All turbines must comply with appropriate interconnection safety standards of the Institute of Electrical and Electronics Engineers. The credit amount varies based on the turbine’s square footage of rotor swept area. The credit was $25.00 per square foot produced in 2003, $12.50 per square foot produced in 2004, and $25.00 per square foot produced each year from 2005-2012. The credit is transferable during the ten years following the year of qualification. Contact: Information Specialist – OTC, Oklahoma Tax Commission, Post Office Box 26800, Oklahoma City, OK 73126-0800; 405-521-3160; http://www.oktax.state.ok.us or Oklahoma Wind Power Initiative
Click here For More Information On green government grants .
We have Over 200 Programs Waiting For You!
What if you could access extra money for the things you need, without having to search endlessly to find it? What if you could find hundreds of programs quickly and easily, for less than a cup of coffee? Let us help you find access to programs that could change your current situation now. Whatever you need the money for, there are programs designed to help you now. We’ve been helping people for more than 30 years find and qualify for government funding. Hundreds Of Thousands Of Citizens Are Receiving Government Funding Now, Why Aren’t You? Find a program suited to your needs, and start helping yourself achieve the funding you desire!
- Purchase a new family vehicle
- Pay off your current credit cards
- Clear any past due bills
- Start a new business
- Finally purchase that new home
- Get funding for your non-profit
- Get training in a new career
- Go back to school
- And much more!
Find Funding For All These Life Expenses!
You’ll receive access to these amazing services just by registering today:
- 24/7 Email Access to answer ANY questions
- Top-secret interview videos with government officials
- The world’s most exclusive collection of Grants, Loans and other Free Services
- 1-on-1 training with Matthew Lesko
- Priority Notification of OVER 200 New Monthly Programs
- Access to a team of experts to prepare customized reports
- Assistance writing grants from trained Free Money Experts
- Unlimited access to Matthew Lesko and His Researchers
- – a dedicated team to help you find and utilize programs in your area
- Free assistance filling out ANY government application